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How to Buy & Stake SX Token
How to Buy & Stake SX Token

Buy and Stake SX

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Written by Kay Carson
Updated over a week ago

What is SX Token?

The SX token ($SX) enables shared community ownership and decentralized governance that will guide SX Bet to a sustainable future.

It serves three primary purposes:

  1. Governance: SX allows token holders to control all the parameters of the SX protocol smart contracts through the governance interface.

  2. Staking: To participate in governance votes, token holders must first stake (i.e. lock up) their tokens. In return for giving up liquidity, token holders that stake tokens earn staking rewards.

  3. Fee Discount: Token holders that stake SX also earn a reduction on any market-making fees on SX Bet, with varying percentages based on their total staked balance.

Where to Buy SX Token

If you're already using SX Bet, the easiest way to get SX Token is to swap for it. If you're just starting, we're happy to send some.

  1. Message support in the chatbox "Hey, I need SX to get started". Our support team will send some directly to your wallet.

  2. Go to the Swap page and swap your USDC or ETH for SX; if you plan on staking, swap for WSX.

SX Token is also available on the following exchanges:

SharkSwap (DEX) on SX Network: https://sharkswap.xyz/​

Uniswap(DEX): https://app.uniswap.org/swap

How to Stake SX

  1. Swap your SX for WSX (wrapped SX)

  2. Go to the Staking page

  3. Choose a validator and enter the amount you would like to stake

  4. Clicking Approve to approve the transaction, then click Delegate to delegate your WSX to your chosen Validator

Learn more about choosing a Validator

Now you’ll be earning daily rewards. You can claim your rewards or choose Compound Yeild to swap and re-stake your rewards.

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